Planning Overage Rights, on Former Bowling Club buildings & land, Trafford Road, THORNTON HEATH, Surrey, CR7 6DR

Planning Overage Rights
Note: Not Land being Sold

Location:
Gonville Bowling Club lies within the heart of this residential area of Thornton Heath and on the south side of Trafford Road which links through to the A23 Thornton Road via Silverleigh Road. There is a good range of local facilities immediately available within Thornton Road whilst more comprehensive shopping and recreational facilities are within the centre of Thornton Heath with the retail parks such as Valley Park off Purley Way with outlets such as Ikea located circa 1.5 miles to the south. Along with good road links especially provided by the A23, the location benefits from good public transport links including local bus services whilst Thornton Hath Rail Station is 1 mile to the east and provides a direct link to London Victoria
with a journey time of less than 30 minutes.

Description:
The total site area extends to 0.54 acre with the majority of this being vacant and utilised as the bowling green. There are a number of temporary buildings within the site such as storage sheds etc however, part of the land is occupied by the club house/ hall together with kitchen and internal storage areas. These more permanent structures are rated for commercial purposes and total some 137.9 sq m (1,474 sq ft)

Overage Rights:
The land is not being sold. This lot is to purchase the planning overage rights over the land that are registered against the title. The buyer of this lot shall be entitled to 15% of the increase in land value from its current value as a former bowling green to a new valuation arising from a substantial planning permission being granted and these rights will last for a period of 80 years from April 2024.






Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.